All Forum Posts by: Isaac Bartels

I would persue house hack route for sure - depending on your market, you could possibly even house hack using airbnb.  That is what I did - I lived in half my house and rented the other half on airbnb but I live in a vacation market.    If you can find something to purchase that has somewhat of a seperate area (think studio apartment / lower level basement with private access) then you could house hack, and still feel as if you are living in your own space and not renting out individual rooms in your home - or do both and make even more money! 

Greetings from Northeast Iowa! I think if your cash is limited I would start with a house hack. Are you still living in the town you went to college? If so I would look to rent out rooms to older college kids or young professionals. I would buy a place every year for a few years until you build up some properties/equity. In the meantime start saving up for a down payment and start to explore using a local bank to finance a BRRR property.

If I was faced with this scenario this would be my thinking. I would look into house hacking. Seeing if I could get my living expenses to 0 or even make a little extra money each month. This way I could save my normal living expenses for the next down payment, or look into a BRRRR for the next property.

 Heres a message I received 

I saw your profile and you look like a perfect fit for what I am trying to do regarding growing real estate business with other like minded investor agents. If I introduced to a high level group of investor real estate agents national wide would you be open minded to hopping on a call to talk about it? 

People who offer "real estate services" for half price

Unfortunately BRRRR is going to be really tough in this market. Interest rates are high. Lending is tightening up already and probably will continue to tighten. And housing prices are softening more by the day.

You will be able to do the BUY-REHAB-RENT part of the process. But if I had to guess, refinancing and getting your initial capital back will be a long shot in April 2023.

@Isaac Bartels I would start in your own backyard. Make the first one (or first several) easy by keeping it within driving distance

@Isaac Bartels

Pay off that student debt…it’s dead weight. I would also consider buying yourself a personal home with some first time home owner low money down program…then get some roommates and house hack. Your killing multiple birds with one stone…

Building equity in a house

Learning about landlording

Living mortgage free to aggressively pay student debt.